Common use of No Regulatory Approval Clause in Contracts

No Regulatory Approval. The Purchaser understands that no state or federal authority has scrutinized this Agreement or the Units offered pursuant hereto, has made any finding or determination relating to the fairness for investment in the Units, or has recommended or endorsed the Units, and that the Units have not been registered or qualified under the Securities Act or any state securities laws, in reliance upon exemptions from registration thereunder. The Units may not, in whole or in part, be resold, transferred, assigned or otherwise disposed of unless they are registered under the Securities Act or an exemption from registration is available, and unless the proposed disposition is in compliance with the restrictions on transferability under federal and state securities laws.

No Regulatory Approval. The Purchaser understands that no state or federal authority has scrutinized this Agreement or the Units Securities offered pursuant hereto, has made any finding or determination relating to the fairness for investment in the UnitsSecurities, or has recommended or endorsed the UnitsSecurities, and that the Units have Securities has not been registered or qualified under the Securities Act or any state securities laws, in reliance upon exemptions from registration thereunder. The Units Securities may not, in whole or in part, be resold, transferred, assigned or otherwise disposed of unless they are it is registered under the Securities Act or an exemption from registration is available, and unless the proposed disposition is in compliance with the restrictions on transferability under federal and state securities laws.